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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.

Pensions

funding levels adjusted for inflation (CPI)

  • Funding History
Adjusted for inflation (CPI) NOT adjusted
FY21 SWM$3,115,163,858$3,115,163,858
FY20$2,895,133,224$2,864,298,555
FY19$2,682,853,034$2,612,924,409
FY18$2,509,591,933$2,394,497,926
FY17$2,355,418,336$2,198,092,616
FY16$2,152,440,084$1,972,000,000
FY15$1,970,003,431$1,793,000,000
FY14$1,803,726,596$1,630,000,000
FY13$1,744,135,447$1,552,000,000
FY12$1,688,968,508$1,478,000,000
FY11$1,696,001,580$1,441,811,000
FY10$1,651,439,431$1,376,619,000
FY09$1,590,623,167$1,313,000,000
FY08$1,718,051,303$1,398,600,000
FY07$1,700,985,520$1,335,176,000
FY06$1,666,112,340$1,274,675,000
FY05$1,650,730,834$1,216,936,000
FY04$983,818,834$704,125,766
FY03$1,161,780,487$813,548,766
FY02$1,163,315,508$797,064,407
FY01$1,546,961,813$1,041,483,757
  • See Changes in Funding
Between and
Funding for Pensions
68.5%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY21 SWM$3,115,163,858$3,115,163,858
FY21 HWM$3,115,163,858$3,115,163,858
FY21 Gov$3,127,668,783$3,127,668,783
FY20$2,895,133,224$2,864,298,555

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY20FY21 GovFY21 SWM
Pension Reserves Investment Trust (PRIT) Statutory Transfer$2,895,133,224$3,127,668,783$3,115,163,858
FY20FY21 GovFY21 SWM
Optional Retirement Program$0$0$0
Pension Liability Reserve$0$0$0
Miscellaneous Retirement Benefits$0$0$0
Pension Reserves Investment Trust (PRIT) Statutory Transfer$2,895,133,224$3,127,668,783$3,115,163,858